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Pony AI Enters the Singapore Market With Robotaxi Services
ZACKS· 2025-09-30 14:31
Key Takeaways Pony AI partners with ComfortDelGro to deploy autonomous ride services in Singapore.Initial rollout in Punggol awaits regulatory clearance and targets off-peak service gaps.Grab and WeRide also plan to launch Ai.R, a rival AV service by 2026.China-based autonomous driving technology company Pony AI (PONY) has expanded into Singapore to deploy autonomous vehicles (AVs) in association with ComfortDelGro, the largest local transportation service provider. The association aims to roll out self-dri ...
WeRide Named to Fortune's 2025 Change the World List for Its Leading Role in Driving Social Impact with Autonomous Mobility
Globenewswire· 2025-09-25 08:29
Core Insights - WeRide has been recognized in Fortune's 2025 Change the World list as the only autonomous vehicle technology company, marking its second appearance on the list after debuting at No. 8 in 2023 [1][3] - The company has also been included in Fortune's 2025 Future 50 list, rising 10 places to rank 16th, making it the highest-ranked Chinese company on this list [5][6] Company Performance - WeRide reported a quarterly revenue of US$17.8 million for Q2 2025, representing a year-on-year increase of 60.8%, indicating strong commercial momentum [8] - Robotaxi revenue surged 836.7% year-on-year to US$6.4 million, contributing 36.1% of total revenue, the highest concentration since 2021 [8] - Gross profit increased by 40.6% year-on-year, reflecting steady growth in the company's financial performance [8][7] Industry Impact - WeRide is recognized for its role in addressing global urban mobility challenges and promoting safer, smarter, and greener transportation through autonomous driving technology [3][4] - The company has tested or operated its vehicles in over 30 cities across 11 countries, achieving over 2,200 days of safe autonomous operations [4][9] - Human error accounts for over 90% of road accidents, and WeRide's technology aims to reduce this while improving efficiency and providing environmental benefits [4]
WeRide Teams Up with Renault to Bring Autonomous Shuttle to Roland-Garros Again
Globenewswire· 2025-06-03 10:21
Core Insights - WeRide partners with Renault Group to provide a Level-4 autonomous minibus shuttle service at the 2025 Roland-Garros tournament, marking the second consecutive year of collaboration [1][2] - The Robobus service has demonstrated safety and reliability in real-world environments, leading to the renewal of the partnership [2] - The service covers a distance of 2.8 km in 12 minutes, operating daily from May 25 to June 8, with added night service from 10 PM to midnight [3][4] Company Developments - WeRide's CEO emphasizes the importance of the European market and the company's commitment to commercializing autonomous mobility solutions [5] - The Robobus is the world's first pre-designed autonomous driving minibus deployed on a large scale, with a presence in nearly 30 cities globally [8] - WeRide has received autonomous driving permits in five markets, including France, and is recognized in Fortune Magazine's 2024 "The Future 50" list [9] Industry Trends - The partnership between WeRide and Renault reflects a growing trend towards the commercialization of autonomous public transport in Europe [6] - The successful operation of the Robobus service at a major sporting event indicates increasing public acceptance and readiness for autonomous mobility solutions [5][6] - The introduction of the night service showcases advancements in technology that allow for safe operation in complex urban environments [4]